My trip to Europe is coming to an end and this video gives an overview of what I have learned about Luxembourg, it’s history, it’s people, places to see, things to do.
Luxembourg has this catch cry, ‘We want to remain as we are’ and in that spirit of independence and holding onto what is unique, I have decided to do this video in ‘Australian English’ – so be warned, there is some course language!
Steel doesn’t grow in the ground – iron ore does!
“Luxembourg is considered one of the strongest fortifications in Europe”
“Luxembourg remained an underdeveloped agrarian country for most of the century. As a result of this about one in five of the inhabitants emigrated to the United States between 1841 and 1891.”
Luxembourg is one of the smallest countries in Europe, and ranked 179th in size of all the 194 independent countries of the world; the country is about 2,586 square kilometres (998 sq mi) in size, and measures 82 km (51 mi) long and 57 km (35 mi) wide.
“Between 1945 and 2005, the economic structure of Luxembourg changed significantly. The crisis of the metallurgy sector, which began in the mid-1970s and lasted till the late 1980s, nearly pushed the country into economic recession, given the monolithic dominance of that sector. The Tripartite Coordination Committee, consisting of members of the government, management representatives, and trade union leaders, succeeded in preventing major social unrest during those years, thus creating the myth of a “Luxembourg model” characterized by social peace. Although in the early years of the 21st century Luxembourg enjoyed one of the highest GNP per capita in the world, this was mainly due to the strength of its financial sector, which gained importance at the end of the 1960s. Thirty-five years later, one-third of the tax proceeds originated from that sector. The harmonization of the tax system across Europe could, however, seriously undermine the financial situation of the grand duchy.”
“Luxembourg is the world’s second largest investment fund centre (after the United States), the most important private banking centre in the eurozone and Europe’s leading centre for reinsurance companies. Moreover, the Luxembourg government has aimed to attract internet start-ups, with Skype and Amazon being two of the many internet companies that have shifted their regional headquarters to Luxembourg.”
“In March 2010, the Sunday Telegraph reported that most of Kim Jong-Il’s $4bn in secret accounts is in Luxembourg banks”
“In 2013, Luxembourg is ranked as the 2nd safest tax haven in the world, behind Switzerland.”
“In 2011, according to the IMF, Luxembourg was the second richest country in the world, with a per capita GDP on a purchasing-power parity (PPP) basis of $80,119.”
“Luxembourg has been one of the strongest advocates of the European Union in the tradition of Robert Schuman. In 1957, Luxembourg became one of the six founding countries of the European Economic Community (later the European Union) and in 1999 it joined the euro currency area.”
“Luxembourg sells the most alcohol in Europe per capita. However, the large proportion of alcohol purchased by customers from neighbouring countries contributes to the statistically high level of alcohol sales per capita; this level of alcohol sales is thus not representative of the actual alcohol consumption of the Luxembourg population.”
“In 2013 there were about 88,000 inhabitants with Portuguese nationality.”
“McDonalds Australia channel $500,000 million of their Australian tax commitments to Luxembourg.”
“Judd mat Gaardebounen, or Smoked Collar of Pork with Broad Beans, is one of the most widely recognized national dishes of the Luxembourg.”